Question

Critically analyze the possible implications of primary cultural attributes of a country for its import business practices. Furthermore will there be any difference among such implications for a developed country VS an under developed country?

Answer 1

The cultural attributes of a country has a significant impact on it's import business practices. The culture consists of language, social institutions, religion, economic systems, political systems and philosophy, symbols, and education. It is vital to understand and know about cultural differences for succeeding for its import business practices. To know etiquette, language nuances, and cultural time management differences are helpful for the navigation of the several complex interactions. A misinterpretation of any the words or the associated cultural meaning with it may impact the entire interchange negatively; and as a result it may turn to be a deal-breaker.

Today most of the developing countries have developed mechanisms to reduce cultural, financial, or social barriers to import business practices. However the developing countries are still struggling with it due to several barriers such as education. In the developing economics international brands have status value, however when these countries develop, the people in the country are likely to focus more on their historical national preferences.